a. Prepare a statement of cash flows for the Crosby Corporation: Note: Amounts to be deducted should be indicated with parentheses or a minus sign. b. Compute the book value per common share for both \\( 20 \\times 1 \\) and \\( 20 \\times 2 \\) for the Crosby Corporation. Note: Round your answers to 2 decimals places. c. If the market value of a share of common stock is 3.4 times book value for \\( 20 \\times 2 \\), what is the firm's P/E ratio for \\( 20 \\times 2 \\) ? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. CROSBY CORPORATION Income Statement For the Year Ended December 31, 20X2 Sales Cost of goods sold Gross profit Selling and administrative expense Depreciation expense Operating income \\( \\$ 4,210,000 \\) Interest expense Earnings before taxes \\( \\frac{2,620,000}{\\$ 1,590,000} \\) Taxes Earnings after taxes Preferred stock dividends 703,000 Earnings per share \\( \\frac{317,000}{\\$ 570,000} \\) Statement of Retained Earnings For the Year Ended December 31, 20X2 Retained earnings, balance, January \\( 1,20 \\times 2 \\quad \\$ 978,900 \\) Add: Earnings available to common stockholders, 20X2 247,000 Deduct: Cash dividends declared and paid in 20X2 \\( \\frac{235,000}{\\$ 990,900} \\) Retained earnings, balance, December 31, 20X2 \\( \\underline{\\underline{\\$ 990,900}} \\) Comparative Balance Sheets For 20X1 and 20X2 Year-End 20x1 Year-End 20X2 Assets Current assets: Cash \\( \\begin{array}{r}\\$ 110,000 \\\\ 556,000 \\\\ 683,000 \\\\ 69,500 \\\\ \\hline \\$ 1,418,500\\end{array} \\) Accounts receivable (net) Inventory Prepaid expenses Total current assets 95,600 \\( \\begin{array}{r}\\$ 103,400 \\\\ 570,000 \\\\ 733,000 \\\\ 34,400 \\\\ \\hline \\$ 1,440,800\\end{array} \\) Investments (long-term securities) Gross plant and equipment Less: Accumulated depreciation \\( \\$ 2,290,000 \\) Net olant and equinment \\( 1,100,000 \\) \\( \\$ 2,830,000 \\) 81,700 Compute the book value per common share for both \\( 20 \\times 1 \\) and \\( 20 \\times 2 \\) for the Crosby Corporation. Note: Round your answers to 2 decimals places. If the market value of a share of common stock is 3.4 times book value for \\( 20 \\times 2 \\), what is the firm's P/E ratio for 20X2? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places